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Retail Space with Restaurant Potential
For Lease
$15 SF/Yr

1373-1383 Main St #rear, Springfield, MA 01103

Downtown space along a pedestrian walkway with prior coffee-shop use and potential restaurant application.

Space Size1,056 SF
Days on Market131

Property Features for 1373-1383 Main St #rear

General Information

Standard status Active
Size 1,056 SF
Net Rentable 1,056 SF
Zoning B3, Legal Conforming

Space & Availability

Available Space 1,056 SF
Contiguous Space 1,056 SF

Taxes and HOA fees

Annual Taxes $25,286

Building Details

Building Size 1,056 SF
Year Built 1909
Listing Agency: Pioneer CRE
Listed By: Paul Bongiorni · License #REB.0793882
Source: Liongatere
Added: Apr 22 Changed: Aug 29 Last Checked: Aug 29 at 1:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pioneer CRE

Investment Insights

Based on property information with market context.

Located in the Bookstore Building in downtown Springfield, this approximately 1,056-square-foot retail space offers a configuration suitable for continued retail use or a restaurant concept. The premises were most recently occupied by a coffee shop, providing relevant precedent for food-and-beverage operations.

The space is positioned along a pedestrian walkway and is available for lease. Zoning is B3, Legal Conforming. The building was constructed in 1909, adding established downtown context to the property.

Key Highlights

  • Approximately 1,056 SF of retail space
  • B3, Legal Conforming zoning
  • Most recently used as a coffee shop

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,829
Businesses Nearby
63k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 41% Leisure 35% Shops & Services 19% Hotels & Casinos 6%
Regal MGM Springfield Leisure
22,010 visits/mo 0.3 miles
Burger King Dining
16,461 visits/mo 0.4 miles
Wahlburgers Dining
9,084 visits/mo 0.3 miles
Citizens Bank Shops & Services
4,520 visits/mo 0.4 miles
M&T Bank Shops & Services
3,717 visits/mo 0.3 miles

Demographics for 01103, MA

2,545
Population
1,728
Households
1.5
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
0.4 sq mi
ZIP Area
6,363
Density / Sq Mi
$21,458
Median Household Income
$38,156
Median Earnings
$1,053
Median Rent
$148,000
Median Home Value

Market

Lease Benchmarks for Springfield, MA

$15.97 /SF/Yr
Avg Asking Price
$11.66–$21 /SF/Yr
Price Range
17,393 SF
Avg Space Size

This space is priced 6% below the average of $15.97 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Downtown space along a pedestrian walkway with prior coffee-shop use and potential restaurant application.
Where is this retail space located?
The property is located at 1373-1383 Main St #rear Springfield, MA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Approximately 1,056 SF of retail space; B3, Legal Conforming zoning; Most recently used as a coffee shop
More about this property
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